Travel Rule

Upbit Is First Korean Exchange to Register With Authorities Before September Deadline

Crypto exchanges that don't register by Sept. 24 face being shut down in South Korea.

News  ·  23 August 2021

BitMEX, Deribit Tap Shyft Network for FATF ‘Travel Rule’ Solution

Shyft’s Veriscope product now boasts some 35 crypto service providers including Binance, Bitfinex, Tether and Huobi.

Business  ·  17 August 2021

Operator of South Korea’s Largest Exchange Rolls Out ‘Travel Rule’ Solution in Singapore

The blockchain research arm of Upbit's operator has launched its VerifyVASP in Singapore, a solution for combating crypto money laundering.

News  ·  17 August 2021

DeFi Has Accounted for Over 75% of Crypto Hacks in 2021

That works out to $361 million, 2.7 times more than in 2020, according to new report by CipherTrace.

News  ·  10 August 2021
Travel Rule

UK Starts Consultation on Applying Travel Rule to Crypto

The rule should be applied consistently “regardless of the technology being used to facilitate transfers,” the Treasury said.

Policy & regulation  ·  23 July 2021

EU Policymakers Propose Tighter Regulation of Crypto Transfers

The European Commission made the proposal to help crack down on flows of illicit money.

Policy & regulation  ·  20 July 2021

US Crypto Giants Build First Version of FATF-Compliant ‘Travel Rule’ Tool

BitGo, Coinbase, Gemini, Kraken and Fidelity are putting an anti-money laundering solution up for consideration.

Policy & regulation  ·  25 June 2021

What Crypto Firms Can Expect From Friday’s FATF Plenary Meeting

Regulatory insiders say the sheer volume of crypto feedback means updated guidance from the FATF could be delayed.

Policy & regulation  ·  24 June 2021

DeFi Is Not TradFi: Why FATF’s Guidance Would Stifle Growth

FATF may have DeFi in its sights, but Aave general counsel Rebecca Rettig is keeping watch on the watchdog.

Policy & regulation  ·  11 May 2021

Japan to Adopt FATF Travel Rule for Crypto

The FSA wants to implement the rule by April 2022.

News  ·  1 April 2021

State of Crypto: FATF’s New Guidance Takes Aim at DeFi

The Financial Action Task Force addressed DeFi and NFTs in its new proposed draft guidance, but its new definitions might be extremely broad.

Policy & regulation  ·  30 March 2021

Crypto Must Apply Safety Lessons of the Existing Financial System

Governments have "very little incentive" to change money laundering rules to accommodate crypto, says the long-time head of the FATF.

Policy & regulation  ·  25 March 2021

CipherTrace Releases Its FATF-Friendly AML Tools for Crypto Exchanges

Cryptocurrency firms in Singapore already need to have a Travel Rule solution in place to get a license.

Business  ·  11 March 2021
Travel Rule

Shyft Network Wraps Token Sale Ahead of FATF ‘Travel Rule’ Implementation

Backed by BlockTower and others, the shyft token helps a decentralized network of exchanges comply with anti-money laundering rules.

Business  ·  10 March 2021

FATF Says It Is Open to Amending Crypto Travel Rule Guidance

The anti-money laundering watchdog said it is confident the industry will be able to implement the data sharing requirements by June.

Policy & regulation  ·  25 February 2021